- For Sale $925,000
- Property Type Office
- Property Size 8,200 SF
- Lot Size 0.92 Acre
- Parking Spaces Avail. 50
- Property Tenancy Single Tenant
- Building Class C
- Year Built 1968
- Date Updated Apr 23, 2024
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Attachments
Highlights
- Leased to Omnicare, a CVS Health Company since 1994. (https://www.omnicare.com ) . The tenant recently exercised its seventh extension, a 5-year renewal effective August 1, 2023.
- Well maintained brick building that is professionally managed by a third party property management firm.
- The interior layout design has been adapted to meet Omnicare’s needs for lab space and pharmaceutical storage and inventory management and receiving and distribution spaces with loading dock access.
- Omnicare has a significant investment of lab equipment, information systems, IT room, clean room, cooler and inventory storage which makes it a mission critical facility for this market area
- Recent tenant improvements for new flooring, window seals, parking lot stripe and seal and other items totaling approximately $50,000 have been made by the landlord in the past year as part of the current lease term renewal
- The area boasts a population of about 254,000 within a 10 mile radius.
- $10.24/SF, modified gross rent with 2% annual increases, is at or below market for this type of lab/flex distribution property in the South Bend MSA.
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Contacts
Location
Getting Around
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Walk Score ®
44/100 Car-Dependent -
Bike Score ®
50/100 Bikeable
- City South Bend, IN
- Neighborhood Erskine Park
- Zip Code 46614
- Market South Bend
Points of Interest
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South Bend
3.13 miles
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South Bend Airport
5.11 miles
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Philips 66
0.31 miles
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Stop N Go
1.05 miles
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Murphy USA
1.13 miles
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Speedway
1.23 miles
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Kroger
1.31 miles
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Phillips 66
1.55 miles
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Phillips 66
1.78 miles
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Philips 66
1.78 miles
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Speedway
1.94 miles
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Exxon
1.98 miles
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Library Parking
2.04 miles
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Eddy Street Commons Parking Garage
3.44 miles
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Residential Parking
3.51 miles
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Walsh Architecture Lot
3.65 miles
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Bookstore Faculty/Staff Lot
3.65 miles
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Bookstore Timed Lot
3.66 miles
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Stayer Lot
3.69 miles
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Staff Parking
3.69 miles
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Compton Lot
3.69 miles
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Visitor Parking
3.69 miles
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Holiday Inn Express
1.09 miles
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Courtyard
2.24 miles
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Aloft South Bend
2.32 miles
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DoubleTree by Hilton
2.34 miles
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Comfort Suites
2.36 miles
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Residence Inn South Bend
2.97 miles
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Embassy Suites by Hilton South Bend at Notre Dame
3.49 miles
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Fairfield Inn & Suites by Marriott South Bend at Notre Dame
3.52 miles
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Ivy Court Inn & Suites
3.77 miles
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Morris Inn
3.85 miles
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Dunkin' Donuts
0.89 miles
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Culver's
0.93 miles
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Taco Bell
0.95 miles
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Panda Express
0.95 miles
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Subway
0.96 miles
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Maxi's Food & Spriirts
1.01 miles
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Chipotle
1.04 miles
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Buffalo Wild Wings
1.06 miles
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Chick-fil-A
1.08 miles
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Texas Roadhouse
1.13 miles
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James Monroe Elementary School
0.19 miles
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Stanley Clark School
0.62 miles
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James Whitcomb Riley High School
0.83 miles
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Our Lady of Hungary School
0.91 miles
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Henry Studebaker Elementary School
1.00 miles
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Oliver School
1.13 miles
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Ivy Tech Community College
1.29 miles
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John Marshall Elementary School
1.37 miles
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Lincoln Elementary School
1.47 miles
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Franklin School
1.63 miles
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Meechie Day Care, Inc. Ministry
2.02 miles
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2nd Nature Childcare Services
2.63 miles
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Starz Academy
2.69 miles
Frequently Asked Questions
What is the lease rate for 3006 S. Michigan St.?
Rental asking rate at 3006 S. Michigan St. is $462,500.00/YR.
What is the total square footage of 3006 S. Michigan St.?
3006 S. Michigan St. totals 8,200 square feet.
When was this property built?
3006 S. Michigan St. was built in 1968.
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